It took me by surprise the efficient behaviour of my year 2008 portfolio. Yesterday, a red day with blood spattered all around on Echad HaAm Street (our version of Wall Street), my portfolio had an uniform green color. In fact, all my stocks went up. Israel Chemical, the Israel Corporation, Bazan, Makhteshim, Koor, even the miserable Spantech option. The reason is that investors are feeling uncertain and transferring their capital from small cap shares to "heavy", large and well established industries.
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